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- ECB Draghi: falling prices the bigger risk to price stability
ECB Draghi: falling prices the bigger risk to price stability
--ECB's OMT will not lead to inflation
--Inflation expectations remain firmly anchored
--EMU economy to remain weak in near term
--Expect very gradual emu recovery in 2013
--EMU unemployment remains deplorably high
--ECB's OMT will not lead to disguised financing of govts
--ECB to intervene only in countries on sustainable path
--ECB will rountinely suspend omts during prog reviews
--OMT will not create excessive risks for taxpayers
--OMT interventions to be decided in full independence
--OMT conditionality protects ecb independence
--ECB acted to counter 'unfounded fears' about emu future
--EMU moving in right directn, importnt to stay on course
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